03:32:20 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Three Sixty Solar Ltd
Symbol VSOL
Shares Issued 43,643,866
Close 2023-07-31 C$ 0.58
Market Cap C$ 25,313,442
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Three Sixty Solar signs tower sales LOI with Lois Creek

2023-08-01 10:29 ET - News Release

Mr. Brian Roth reports

THREE SIXTY SOLAR SIGNS SOLAR TOWER SALES LOI WITH SUSTAINABLE HOME DEVELOPER

Three Sixty Solar Ltd. has signed a non-binding letter of intent with Lois Creek Development Inc. to secure the phase 1 sale of a combined solar and telecommunications tower in the town of Kimberley, part of the spectacular East Kootenay mountain region of British Columbia.

Key Points:

Lois Creek Development Inc. is developing a 64-home subdivision in Kimberley, British Columbia, focusing on near net-zero construction. Lois Creek has signed a letter of intent (LOI) with Three Sixty indicating their commitment to include an initial Three Sixty Solar Tower in the development.

The LOI indicates that the parties plan to begin a feasibility study within the next 30 days to move the project forward.

The LOI also indicates Lois Creek's intent to install technology from Hook'd Broadband on the solar tower to provide connectivity to the developing community.

Three Sixty Solar's CEO, Brian Roth states, "I'm thrilled to have executed this LOI and can't wait to proceed with our part of this exciting development project with the Lois Creek Development team. We are very eager to kick off the feasibility study, and to begin working with several regional partners including Hook'd Broadband. We couldn't be happier that Mr. Winter and his associates at Lois Creek share our vision as to the value that our technology can bring to their community, and we look forward to building a long-term relationship with them."

Noel Winter, President of Lois Creek Development Inc. adds, "The solar towers offered by Three Sixty provide a unique approach, enabling us to deploy renewable solar power that home buyers in our communities are asking for, without having to sacrifice large amounts of land or compromise the integrity of the roofs on the homes. We are excited to move forward on a first deployment and to see how this will fit in our future communities. This has the potential to be an enhancement for our developments moving forward."

About Three Sixty Solar Ltd.

Three Sixty Solar Ltd. is an all-Canadian enterprise which focuses on solar equipment supply to the global market. The company's premier product line is the patent pending SVS series commercial solar tower. According to Statistics MRC, the solar farm sector is set to grow to around $296 billion by 2028. Three Sixty Solar's unique tower concept is a high density, clean energy solution that uses up to 90% less land space than conventional solar farms and can co-locate adjacent to homes, retail, agriculture, and industry, thus minimizing line loss and maximizing energy delivery in places where renewables have been difficult to install until now. In multi-tower applications, developers can utilize the spaces between towers to better leverage land assets through additional revenue generating activities. Designed to withstand major instances of extreme weather, Three Sixty Solar offers a clean energy solution with minimal environmental and habitat impact. To find our more, visit: www.threesixtysolar.com and please watch our video. To stay informed, please sign up to receive news alerts.

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